Resolution deal could grow Friends Provident International

The acquisition will mark the beginning of Resolution's project to consolidate and restructure businesses in the life and asset management sector, which could have a knock-on effect on the growth of its international business. Sepe says: "The deal is primarily about consolidation in the UK where there is a lot of over capacity and consequently low returns compared to the international side of the business. However, Sepe says this position could change going forward as if Resolution acquires other UK insurers with international arms "this could give rise to the positive prospect of an ...